BALTIMORE-WASHINGTON FINANCIAL ADVISORS INC
Q1 2025 Form 13-F
COLUMBIA, MARYLAND
CIK 0001555486
· CRD 159388
· SEC-registered investment adviser
$1.9B Reported Value Total
BALTIMORE-WASHINGTON FINANCIAL ADVISORS reports 4,560 total accounts under management (AUM). There are 4,125 discretionary accounts valued at $2,252,930,562, and 435 non-discretionary accounts valued at $171,892,759.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-11-05
Reported value
$1.9B
Quarter over quarter
-4.7%
Holdings
151
Top-10 concentration
31.4%
Key People
Form ADV owners & control persons
Robert G Carpenter
PRESIDENT & CHIEF COMPLIANCE OFFICER
Joseph U Manfredi
CHIEF OPERATING OFFICER
Meghan Emery Manas
DIRECTOR, CLIENT SERVICES
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13F Metrics
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 14, 2025 |
| Form | 13F-HR |
| Reported value | $1.9B |
| Positions | 151 |
| Change in reported value | -3.2% |
| New positions | 11 |
| Exited positions | 10 |
| Position turnover | 13.0% |
| Top-10 concentration | 31.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
204 | $2.7B |
|
Q1 2026 13F
Filed May 15, 2026
|
185 | $2.3B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
187 | $2.4B |
|
Q3 2025 13F
Filed Nov 12, 2025
|
177 | $2.3B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
171 | $2.1B |
|
Q1 2025 13F
Filed May 14, 2025
|
151 | $1.9B |
|
Q4 2024 13F
Filed Jan 24, 2025
|
150 | $1.9B |
|
Q3 2024 13F
Filed Nov 12, 2024
|
145 | $1.9B |
|
Q2 2024 13F
Filed Jul 30, 2024
|
136 | $1.7B |
|
Q1 2024 13F
Filed May 8, 2024
|
122 | $1.6B |
|
Q4 2023 13F
Filed Feb 12, 2024
|
139 | $1.4B |
|
Q3 2023 13F
Filed Nov 8, 2023
|
138 | $1.2B |
|
Q2 2023 13F
Filed Aug 9, 2023
|
131 | $1.3B |
|
Q1 2023 13F
Filed May 10, 2023
|
136 | $1.1B |
|
Q4 2022 13F
Filed Feb 9, 2023
|
129 | $1.0B |
|
Q3 2022 13F
Filed Oct 31, 2022
|
147 | $1.2B |
|
Q2 2022 13F
Filed Aug 5, 2022
|
124 | $934.4M |
|
Q1 2022 13F
Filed May 13, 2022
|
142 | $1.0B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
121 | $1.2B |
|
Q3 2021 13F
Filed Oct 20, 2021
|
127 | $1.1B |
31 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VV VANGUARD INDEX FDS | $99.1M | 5.26% |
| 2 | QQQ INVESCO QQQ TR | $90.1M | 4.78% |
| 3 | RSP INVESCO EXCHANGE TRADED FD T | $58.6M | 3.11% |
| 4 | VIG VANGUARD SPECIALIZED FUNDS | $56.8M | 3.01% |
| 5 | NVDA NVIDIA CORPORATION | $54.5M | 2.89% |
| 6 | AAPL APPLE INC | $48.4M | 2.57% |
| 7 | LGLV SPDR SER TR | $48.0M | 2.54% |
| 8 | MSFT MICROSOFT CORP | $47.4M | 2.51% |
| 9 | VTV VANGUARD INDEX FDS | $44.5M | 2.36% |
| 10 | IVV ISHARES TR | $44.5M | 2.36% |
| 11 | VONG VANGUARD SCOTTSDALE FDS | $44.1M | 2.34% |
| 12 | SPTM SPDR SER TR | $43.7M | 2.32% |
| 13 | AMZN AMAZON COM INC | $43.0M | 2.28% |
| 14 | VYM VANGUARD WHITEHALL FDS | $42.5M | 2.26% |
| 15 | COST COSTCO WHSL CORP NEW | $39.0M | 2.07% |
| 16 | RSPT INVESCO EXCHANGE TRADED FD T | $38.3M | 2.03% |
| 17 | XLV SELECT SECTOR SPDR TR | $34.2M | 1.81% |
| 18 | GOOG ALPHABET INC | $33.7M | 1.79% |
| 19 | SPYG SPDR SER TR | $32.7M | 1.74% |
| 20 | V VISA INC | $31.5M | 1.67% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.